Month: September 2018

Gearing up for Sibos (SWIFT International Banking Operations Seminar), the team here is buzzing with excitement. Banks, FinTechs and software leaders from across the globe will soon gather in Sydney, Australia from October 22nd through the 24th to learn from each other on a range of technology topics. From embracing the decentralization of payments, open banking, and preventing financial crime – to applications of artificial intelligence and the future of banking – financial institutions, and those that support them, will discuss core issues impacting the industry.

The theme this year is ‘enabling the digital economy’ – and with digital transformation at the heart of what we do, a team of Red Hatters and partners will be there to help attendees with their technology considerations and dilemmas. We’ll be showcasing leading solutions for financial services and holding 1:1 meetings – so if you are there, please drop by to say hello.

It’s our goal to bring you into the conversation – so as the conference unfolds, we’ll post to this blog channel on a daily basis, synthesizing material and opinions shared in panels, presentations and participants. And you can also keep a pulse with #Sibos #RedHat as things happen. Stay tuned for the next post on the topic of the status and international impact of #blockchain.

Here at Red Hat, we are excited to join partners, customers, and The Linux Foundation for the 2018 Open Networking Summit (ONS) Europe, September 25-27, in Amsterdam. We have a lot on the schedule for service providers, with presentations covering topics like moving your virtual machine virtual network functions (VNFs) to a container environment, blockchain for telcos, and an OPNFV tutorial.

Join us in the Red Hat booth for demos on OpenDaylight (ODL) and Kubernetes; Prometheus; and Kubernetes for network functions virtualization (NFV) – Multus and single root input/output virtualization (SR-IOV). And don’t miss the community-developed Virtual Central Office (VCO) 2.0 demo in the Linux Foundation booth to the left of the main entrance to the convention center, where our Red Hat team also will be available to answer questions.

The central office plays an important role for service providers: as the termination point for subscriber connectivity, it’s the last physical interface with residential and business customers for service delivery. As service providers attempt to deliver services closer to the customer by leveraging computing capabilities at the edge, the central office is poised to play a key role in their digital transformation journeys. But there’s work to be done in central offices to prepare them for this role.

DevOps – the application development paradigm for continuous integration and delivery – has become a popular methodology for banks to accelerate delivery of applications in today’s fast-paced digital economy. Now, banks are setting their sights on DevSecOps, which aims to integrate and automate security into the entire testing, development, and delivery process.

The benefits of DevOps are fairly well understood. When development and operations teams produce iterative changes more frequently, it can reduce software defects and service issues. This is important to all banking services, but even more so in digital banking. Digital-first customers expect not only new and innovative experiences, but also a secure and reliable service, particularly when they do most of their banking on mobile devices.

Open Banking – defined as a banking network that fosters secure data sharing through application programming interfaces (APIs) – is more than a regulatory must in many countries — it holds a promise for delivering new value streams by giving customers new digital touch points to accessing their financial information. It’s also expected to open the door to new revenue streams for financial services organizations. But fulfilling Open Banking’s promises will take effort.

Continue reading “APIs are not enough – Open Banking is all about building an ecosystem”

If there’s one thing open source gets high marks for, it’s the incredibly strong foundation of communities (there are more than 90,000 community members across 183 countries working on OpenStack alone!). And in our opinion, there’s nothing better than stepping outside our offices and into the communities, be they OpenStack contributors, Red Hat partners, and our customers. This fall, we have plenty of opportunities to do just that, with a solid schedule of events all over the world.

We look forward to talking with you about open banking, digital engagement, transactional efficiency, and more. Keep reading for details on where you can find us, and we look forward to seeing you wherever our paths cross this fall.